Deal includes over 200 Fazoli’s locations
The Lexington-based Fazoli’s quick service Italian restaurant chain has been sold to Sentinel Capital Partners. Terms of the transaction were not disclosed.
Fazoli’s Group consisted of 124 company-owned and 89 independent franchised locations in 26 states.
Fazoli’s was acquired by a Sun Capital Partners affiliate in 2006. Following the acquisition significant operational initiatives were implemented that resulted in same store sales growth and improved profitability. These initiatives included management team enhancements, the revitalization of the Company’s menu through an improvement in food quality and variety, investments in internal and external facility and décor updates, the introduction of enhanced guest experience and service programs, a refining of marketing tactics, and the implementation of cost-saving initiatives that streamlined operations.
“Fazoli’s’ strong performance is a testament to the combined impact Sun Capital’s deep restaurant expertise and a world-class management team can have in transforming potential into sustained results,” said Marc Leder, Co-CEO at Sun Capital. “We firmly believe Fazoli’s is well positioned to achieve continued success under its new owner.”
Add Comment